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On XAU/USD, we have a bearish setup with a strong dollar following the news. The price is approaching the 1905 zone where we have a significant value gap that could lead to a reversal and a strengthening of gold, resulting in an increase towards 1948. Just below that area, we have another potential reversal zone identified on the H4 timeframe, with a demand zone...
On GBPAUD, we have a price that, after a nightly descent, bounced back in the VALUE GAP area highlighted in orange, around 1.8970. The trading strategy involves entering this zone with a target at 1.8850. Keep in mind that due to a wide stop loss, the price may linger around the stop level, touching the 38 and 50 Fibonacci levels before potentially descending by...
On GBPNZD, we have a bearish setup this morning after the Asian session, where the price has formed a supply zone in H1 and a subsequent highlighted orange value gap. In that area, we anticipate a potential price reversal with a downward movement towards the demand just below the 2.05957 level. We would appreciate it if you could share your opinion with us....
On AUDUSD, we have a price currently in the 0.6680 zone after bouncing off a very strong value gap created on Friday. The price could now decline to the 0.66 zone where we have another value gap that would allow us to quickly return to the 0.6680 zone. Share your opinion; we would be delighted to hear it. Greetings from Nicola, CEO of Forex48 Trading Academy.
Currently, gold finds itself in a stagnant situation after three eventful weeks, during which all central banks held meetings. Gold may start the week cautiously, beginning at 1921 and potentially reaching the supply zone just above at 1930. Subsequently, it could decline towards the 1900 zone, where we have a value gap to fill and a high possibility of a reversal...
On USDJPY, we have a price that, after consolidating around 141.70 following Powell's remarks, has introduced two possible scenarios. The first scenario is a long one, with a breakout of the 142.30 level, a potential rebound in the demand zone, and further long positions. The second scenario, on the other hand, involves a break of the 141.30 level, a rebound in...
On GBPCAD, we noticed a significant manipulation this morning following the sterling data. These data caused the price to decrease, creating a potential entry point at 1.6875. Therefore, we expect a absorption of all the liquidity left in the market, with a possible short entry and a target risk-to-reward ratio of 1:2 in the area of 1.6790. We would be pleased to...
XAUUSD is showing a bearish trendline that has pushed the price down to the 1925 area. The market has left a significant amount of liquidity/inefficiency between 1930 and 1960, which the price is likely to revisit in the coming days before bouncing back towards the 1960 zone. In that area, we have a supply zone, but there may be a false breakout of the trendline...
On CHFJPY, we have a bearish setup with a price that has reached the 158.40 zone within a weekly supply zone. In this area, it has created a confirmed short setup supported by strong volumes. The short trade objective is around 156.90, where we have high volumes within a demand zone. The yen, which has been weak in recent weeks, could rebound due to upcoming...
The AUD/USD pair is showing a strong recovery after a minor correction near 0.6840 during the European session. Investors eagerly await the release of the Reserve Bank of Australia (RBA) minutes and the interest rate decision by the People's Bank of China (PBoC). Meanwhile, caution prevails as S&P500 futures recorded losses in Asia due to an extended weekend in...
On EURNZD this morning, the price made a third bounce around 1.7710 within an imbalance zone and near a downward trendline. The forecast now is to see the price around 1.7571. This is also considering the data released this morning on the Eurozone's GDP. Share your expectation. Happy trading to all from Nicola, CEO of Forex48 Trading Academy.
On EURAUD, the price has bounced three times on a downward trendline, effectively validating it, and it is now approaching the 1.5950 area where we have a demand zone. Let me know your expectation. Happy trading to all. Nicola, CEO of Forex48 Trading Academy.
On EURUSD, a bearish trend can be observed, with the price retracing to the 50% Fibonacci level and then bouncing three times on a downtrend line, indicating clear short signals. Currently, the price is situated between a supply and a demand zone at the 1.0675 level, with volumes favoring sellers. Therefore, the objective is a short trade with a target of 1.055....
The price is currently in a bearish moment at the level of 4270, with a potential bounce zone around 4284, which corresponds to the 50% Fibonacci retracement level and a high-volume trading area. The objective of the short trade is to target 4220, where we have the 61% Fibonacci retracement level with high volumes and a demand zone for support before potentially...
On gold, we have a bullish setup following today's negative news on the US manufacturing sector. The price could pull back to around 1940 before returning to the 1980 area. Let me know your thoughts. Happy trading to everyone.
On USDCAD, we have a bullish setup with the price forming a bullish triangle pattern. The objective is to wait for the price to confirm the pattern with two H1 candles above the daily volumes and for the price to break out and then bounce off the bullish triangle. Therefore, a possible setup involves entering the market around the 1.3445 area, with a target set at...
On GBPUSD, after a trade executed on Friday following the NFP release, which resulted in a 9% gain, we are currently experiencing a completely bearish market, approaching the 1.2350 area where a demand zone is located, along with numerous buying orders. Therefore, I expect a bullish pattern to emerge in that area, leading to a recovery of all the liquidity left in...